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State Taxation of Pass-Through Entities and Their Owners provides practical guidance on the myriad state tax issues that uniquely affect pass-through entities operating in two or more states, and their owners.

This publication is the first to provide both an in-depth, state-by-state discussion of the manner in which each jurisdiction specifically addresses topics facing pass-through entities and their owners, and specific citations that enable tax professional to analyze the context of authority upon which conclusions are based.

State Taxation of Pass-Through Entities and Their Owners is divided into three parts:

State Income and Franchise Tax Filing Requirements and Issues

Unique State Income Tax Issues for S Corporations

State Sales and Use Tax Issues

Specific topics covered within these sections include:

Conformity to the federal check-the-box regulations

State income/franchise filing requirements for pass-through entities and their owners, including income tax withholding

The submission of nonresident income tax agreements

The availability of composite returns

Pass-through entity-level taxes - a rapidly changing area of state law

And much more

This treatise focuses on the treatment of common pass-through entities, such as general and limited partnerships, LLCs, including disregarded single-member LLCs, and S corporations, including qualified subchapter S subsidiaries (QSubs).

Also includes an appendix of 17 tables providing state-by-state summaries, with authority, of conclusions reached in the treatise to enable tax professionals to quickly compare the manner in which various jurisdictions address these issues.